Federal Reserve

Countries around the world are working to find ways to circumvent the US dollar when it comes to trade and settlement. In addition to that, nations are requesting for their gold holdings stored overseas to return home . . . .

Gold is famously correlated inversely to the dollar and since the dollar has been weak of late the price is relatively strong, at just over US$1,340 per ounce . . . .

One of the potential outcomes of a trade war is that other nations start dumping U.S. Treasury securities, which could boost gold demand, says Goldman Sachs . . . .

You wouldn’t believe it by looking in the financial news but the price of gold has had a stellar run over the last few years . . . .

Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week . . . .

Some analysts worry that higher US interest rates are bearish for gold. Because gold has no yield, the higher rates climb, the greater the relative appeal of other assets. But the evidence doesn’t bear this out, says Russ Mould of investment platform AJ Bell in The Daily Telegraph . . . .

Sterling and yen also make gains against dollar as US markets close for holiday . . . .

The yellow metal ended the year up a little more than 13% – its best year since 2010 – while gold stocks, as measured by the NYSE Arca Gold Miners Index, gained more than 11% . . . .

After another disappointing trading session, one bank sees gold ending the week on a positive note, with prices possibly moving up to $1,300 an ounce if the Federal Reserve hints at weak inflation on Wednesday . . . .

Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule . . . .